Which are three steps which can boost Pakistan's development in short span of time.

one is the proper use of natural resources. As Pakistan possess plenty of natural resources, the only need is to properly explore it and i think the maximum time required for exploration of resources is 1 to 2 year.

Kindly give me other two steps if possible.

Education Budget,Government Employment,Technocrats To Run The Governmen,Alternative Energy...

thanks for reply......well education is a long run. if we allocate budget from now onward we will get the fruit at least after 16 to 20 years......as far as technocrat government is concerned it is against constitution and the wish of our Quaid who wants democratic government in state...........government employment is tied with economy, how can a state with more than 70 billion dollar debt afford government employment in such a big number........

Energy sector is acceptable but that also comes under exploring of natural resources

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privatisation has played a similar key role in enabling Pakistan to transform her entire economic landscape in a relatively short span of time.

By the way, the generation of energy through the exploitation of natural resources is not at all extremely short run in its inherent nature. Take the example of hydal, thermal, solar and etc etc forms of energy generation. All of the forms rely on some external factors for proper success. For example, building dams is not a matter of 1 or 2 years. Moreover, as already stated by you that government is in extreme credit crunch due to the large borrowing, the funding required for all forms of energy generation projects will surely tend to require international denomination. How come in the current plethora of events, where the sovereign risk is touching all time highest values, can the country manage to attain such a huge funding in the short run? Even China will invest in the projects only after the normalization of the current wave of extremism. Hence, for the exploitation of natural resources, there are some essential pre requisites that need to be met. The government has also stated that the energy shortage is an issue that can only be tackled in 5-10 years period. The coal reserves in Baluchistan are in the high risk area and even China will not be able to exploit and reap out the benefits in the short run considering the fact that Baluchistan issue is gravely intense in its magnitude.

The exploration of natural resources will surely take 1-2 years but extracting the benefits out of them is a far cry. Moreover, apart from natural resources that generate energy, all other are not the relevant stakeholders for attaining success in the short run. Water supply/demand management is an exception to this statement. Even this factor is also tied to political features.

You are surely right when you state that natural resources are key for success of Pakistan. You just need to defend the statement by critically examining the implementation/side effects. Just by stating an obvious fact, you cannot guarantee that your stance is inherently correct. You should argument as to why your statement is correct.

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1.Start producing Entrepreneurs, exploit the micro-finance sector, and eliminate foul economic system pregnant with middle man's benefits only.

2. Focus must be on technical education more then mere theoretical one.
This "Babu" producing system should be replaced with "Scholar" and "Technician" producing system.
A person having mere degree of M.A English with only a useless capability of playing with grammar rules and boasting his linguistics, should know how to mend water hose as well or how to weld a steel handle.

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During the last four years, the government has identified five key sectors for promoting economic growth and bringing it to the level of 8% growth rate. These sectors include (i) agriculture (ii) housing and construction (iii) small and medium enterprises (iv) information technology and (v) oil and gas sectors.
We are of the opinion that if following measures are right earnestly applied, the rate of economic development can go up.

(1) Expanding the tax base. For expanding the resource base, it is necessary that the coverage of indirect taxes be reduced. In designing the tax reforms, care has to be taken to minimise burden on the common man. The share of direct taxes has also to be increased.

(2) Tax on agriculture income. The government can raise more revue by brining the agriculturists income in the tax net on proper footings.

(3) Self reliance. Pakistan is knee deep in foreign debt. If we are really desirous of increasing the rate of economic development, we shall have to lessen our dependence on foreign assistance. The strategy of self reliance, as far as possible, should be followed for financing development projects.

(4) Export led growth. For the rapid development of the economy, the strategy of export led growth should be carefully chalked out. The production of value added goods on large scale, having comparative advantage in production will greatly solve the problem of limited size of the domestic market. The production of import substitutes at home will save the precious foreign exchange.

(5) Industrialization. Another approach to development planning within the framework of mixed economy is to give priority to the establishment of those industries which meet the basic needs of the various sectors of the economy. The production of improved basic agricultural implements will greatly help in raising the agricultural production.

(6) Strategy of self management. In communist countries, the development planning is being decentralized. Development planning is declared a right and obligation of the planning agents. The system if adopted in a coordinated manner shall help in quickening the tempo of economic development in this country.

(7) Development of agricultural sector. The Government of Pakistan, in view of the importance of agriculture in the national economy, is attaching high priority to the development of this sector. Expanded credit facilities, provision of fertilizer, pesticides and improved seeds are the right steps in improving agricultural production which contributes 20.9% of GDP and accounts for 46% of foreign exchange earnings in Pakistan.

(8) Improvement of the infrastructure. A great deal of improvement in the means of transport, power, roads, banking, education, etc. has to be made for economic development.

(9) Constitutional cover. The state owned industrial units which are being privatized and other private units should be given Constitutional cover. The state of uncertainty of their nationalization again be removed once for all.

(10) Stable fiscal and monetary policies. In order to accelerate the rate of economic development, the fiscal and monetary measures should be carefully chalked out There should not be frequent changes after a few months in the import and export policies, revision of taxes etc.

(11) Promoting Technology. For economic take off, it is very essential that we take effective steps in promoting science and technology. The technological development will help in keeping our products and exports competitive in the world market.

(12) Administrative Reforms. There should be far reaching administrative reforms in the country. The professionally qualified personnel should be inducted and assigned specific targets to be achieved in the allocated sectors. There should be reduction in the administrative expenditure also.

(13) Development of physical and human capital. Development of physical infrastructure, roads, railways etc. and increased investment on education, health and nutrition etc. can play a dominant role in increasing economic development in the country.

(14) Slowing the rate of population growth. High rate population growth (about 1.8%) is also intensifying constraint on the development of savings, foreign exchange and human resources. If we want the qualities of human life, prosperity in place of poverty, education in place of ignorance, health in place of illness, environmental beauty in place of deterioration, we shall have to take measures to control the family size

By natural resources i meant the coal reserves in balochistan and sindh and after 2013 election the present government of Baluchistan is successfully handling the law and order situation as non of major incident had taken place in regime of incumbent CM. moreover, local body elections in balochistan took place peacefully and successfully which is symbol that people has some faith in incumbent government. As far as the dams are concerned, we know that plenty of resources and time is required to erect monster water project.

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The journey of a thousand miles must begin with a single step

Nice and thanks......

Actually I have an interview in an engineering department and they ask general questions like this so that why i am fully equipping myself........they will not go into deep discussion as its not CSS interview.

Three points I have shortlisted are

1) Gripping terrorism: gripping terrorism and prevailing of peace will lead to foreign investment, which help in employment opportunities and economic stability of country. For decimating terrorism, government has to spread awareness among the folk and
or exploration of natural resources (which point is better)

2) Expanding of Tax network: In our country, influential persons are free of tax and government is unable to collect tax from them and other hand the government is deducting tax from salaries of employees who has income of just 50000. so tax net should be extended to all the individuals who are liable to pay tax.

3) Special attentions should be paid to agriculture sector because Pakistan is an agricultural country. we can make good progress in agriculture in short span of time.


Thanks to all for contributing in discussion.........every one is welcomed to share his points

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The journey of a thousand miles must begin with a single step

I hope it may help you, and yeah You are Welcome Mr.Bangash....